LIVEO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LIVEO
Largest movements
- Cash +€16,669
up €16,669 (+32.9%), from €50,713 to €67,383
mainly Other debts (+€128,033) and Net result for the year (+€57,748)
- Other debts +€128,033
up €128,033 (+169%), from €75,643 to €203,676
- Profit (loss) carried forward -€91,338
no longer reported in 2025 (was €91,338)
- Tax, wage and social debts +€21,074
up €21,074 (+187%), from €11,249 to €32,322
- Current portion of long-term debt -€18,959
down €18,959 (-55.7%), from €34,058 to €15,098
- Debts after one year -€15,098
down €15,098 (-6.1%), from €246,211 to €231,112
- Other operating charges -€37,889
down €37,889 (-98.6%), from €38,428 to €539
- Depreciation -€13,626
down €13,626 (-40.6%), from €33,591 to €19,965
- Taxes +€11,740
up €11,740 (+356%), from €3,300 to €15,040
- Gross operating margin +€7,176
up €7,176 (+7.1%), from €100,775 to €107,951
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €478,967 | €503,245 | +€24,278 | +5.1% |
| Fixed assets | 21/28 | €408,375 | €411,474 | +€3,099 | +0.8% |
| Tangible fixed assets | 22/27 | €408,375 | €411,474 | +€3,099 | +0.8% |
| Land and buildings | 22 | €402,662 | €406,707 | +€4,044 | +1.0% |
| Furniture and vehicles | 24 | €5,713 | €4,767 | -€946 | -16.6% |
| Current assets | 29/58 | €70,592 | €91,771 | +€21,180 | +30.0% |
| Amounts receivable within one year | 40/41 | €19,823 | €24,314 | +€4,491 | +22.7% |
| Trade receivables | 40 | €13,123 | €22,353 | +€9,230 | +70.3% |
| Other amounts receivable | 41 | €6,700 | €1,960 | -€4,740 | -70.7% |
| Cash at bank and in hand | 54/58 | €50,713 | €67,383 | +€16,669 | +32.9% |
| Deferred charges and accrued income | 490/1 | €55 | €75 | +€20 | +36.5% |
| Total equity and liabilities | 10/49 | €478,967 | €503,245 | +€24,278 | +5.1% |
| Equity | 10/15 | €111,798 | €18,600 | -€93,198 | -83.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €91,338 | - | -€91,338 | |
| Amounts payable | 17/49 | €367,168 | €484,645 | +€117,477 | +32.0% |
| Amounts payable after more than one year | 17 | €246,211 | €231,112 | -€15,098 | -6.1% |
| Financial debts | 170/4 | €246,211 | €231,112 | -€15,098 | -6.1% |
| Amounts payable within one year | 42/48 | €120,958 | €253,533 | +€132,575 | +110% |
| Current portion of amounts payable after more than one year | 42 | €34,058 | €15,098 | -€18,959 | -55.7% |
| Trade debts | 44 | €8 | €2,436 | +€2,428 | +30,429% |
| Suppliers | 440/4 | €8 | €2,436 | +€2,428 | +30,429% |
| Taxes, remuneration and social security | 45 | €11,249 | €32,322 | +€21,074 | +187% |
| Taxes | 450/3 | €11,249 | €32,322 | +€21,074 | +187% |
| Other amounts payable | 47/48 | €75,643 | €203,676 | +€128,033 | +169% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,591 | €19,965 | -€13,626 | -40.6% |
| Other operating charges | 640/8 | €38,428 | €539 | -€37,889 | -98.6% |
| Gross operating margin | 9900 | €100,775 | €107,951 | +€7,176 | +7.1% |
| Operating profit (loss) | 9901 | €28,757 | €87,447 | +€58,690 | +204% |
| Financial charges | 65/66B | €14,334 | €14,660 | +€326 | +2.3% |
| Recurring financial charges | 65 | €14,334 | €14,660 | +€326 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €14,424 | €72,788 | +€58,364 | +405% |
| Income taxes | 67/77 | €3,300 | €15,040 | +€11,740 | +356% |
| Profit (loss) for the period | 9904 | €11,124 | €57,748 | +€46,624 | +419% |
| Profit (loss) for the period to be appropriated | 9905 | €11,124 | €57,748 | +€46,624 | +419% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.